Business and financial news
Lucknow: Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Friday said that his firm would make an additional investment of Rs 75,000 crore in the country's third largest state Uttar Pradesh in the next four years, which would create more than one lakh new employment opportunities.
New Delhi/IBNS: The government has asked the loan apps blocked after a notice from the Ministry of Electronics and Information Technology (MeitY) have been asked to furnish documents to prove that they operated within legal boundaries, media reports said.
Mumbai/IBNS: China’s Alibaba Group has divested its entire stake in digital payments platform Paytm, news agency ANI reported.
New Delhi: The Supreme Court has asked stock market regulator SEBI to respond by Monday on possible measures that can be taken to protect the interest of Indian investors in crisis situations such as the market crash triggered by US short-seller Hindenburg Research, media reports said.
New Delhi: The Supreme Court on Friday rejected Google’s plea to modify its January 19 order in a case of unfair and anti-competitive practices related to Android devices, media reports said.
New Delhi: The Indian Overseas Bank has recorded a 22 percent rise in net profit for the third quarter of Financial Year 2022-23 (FY23) at Rs 555 crore.
Mumbai: The BSE sensex fell 123.52 pts to close at 60,682.70 on profit booking by local operators at higher level.
Lucknow/UNI: Prime Minister Narendra Modi on Friday said the guarantee of the bright future of the world lies in the bright future of Indiawhile inviting investors from all over the world to invest in the entire country, specially Uttar Pradesh.
Kolkata: In line with its strategy to get closer to rural consumers, leading telecom operator, Vi, has launched over 200 new format ‘Vi Shops’ across Tier 3 locations in West Bengal.
Mumbai: Automobile major Tata Motors on Friday announced the new price of the Tiago.ev, bringing to an end the launch pricing offered to its first 20,000 customers.
New Delhi: IT major Yahoo has said it will layoff 20 percent of the total workforce as part of a major restructuring of its ad tech unit, media reports said.
Kolkata/IBNS: Volvo Car India has appointed Dipankar Mukherjee as Head of Marketing & PR, the company said in a press release.
Mumbai/IBNS: Amid reports of a raid by the Himachal Pradesh State Excise Department on a unit of the Adani Group in Parwanoo late Wednesday, the firm said in a statement on Thursday that “the officials did not find any irregularities in the operations and dealings conducted by the company.”
Bengaluru: Electric-scooter maker Ola Electric Mobility Pvt. is moving ahead on its plan to deliver its first four-wheel vehicle in the second half of 2024, Bloomberg reported citing the company’s Chief Financial Officer G.R. Arun Kumar.
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the apex bank would launch a pilot project on QR code-based coin vending machines (QCVM).
The Adani Group is looking to prepay a $500 million loan due next month to a consortium of banks as the Gautam Adani-led conglomerate looks to bolster its finances following a short seller attack, Bloomberg reported.
Mumbai: Adani Power, a part of Adani Group, on Wednesday said its consolidated net profit dipped 96 percent year-on-year Rs 8.7 crore for Q3FY23.
French company Total Energies, the biggest investor in Adani group, Wednesday said it has put on hold participation in the conglomerate’s $50 billion hydrogen project until the results of an audit launched following US short-seller Hindenburg Research’s accusations, according to a report in the media.
Mumbai/IBNS: The Reserve Bank of India on Wednesday hiked the repo rate by 25 basis points to 6.50 percent in line with the expectations of the experts. However, it didn’t indicate an end to tightening its stance contrary to the market expectations.
Mumbai: The benchmark index of Bombay Stock Exchange rallied 377.75 pts to close at 60,663.79 following gains in Commodities, Health Care, IT and Technology stocks along with rising Repo Rates in RBI Monetary policy announced on Wednesday.
New Delhi: Telecom service provider Bharti Airtel and Vultr, a privately-held cloud computing company, on Wednesday announced a strategic partnership to offer cloud solutions to enterprises in India.
Mumbai: Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed.
Kolkata: Positioning itself as an enabler of dreams, Aditya Birla Housing Finance Ltd. (ABHFL), the Housing Finance arm of Aditya Birla Capital Ltd., rolled out its #ApnaGhar campaign.
Bengaluru: Credit Access Grameen Limited, a non-banking financial company-Micro Finance Institution (NBFC-MFI), on Tuesday announced its unaudited and limited reviewed financial performance for the third quarter and nine months of the period ended 31 December 2022 where it registered a total income of Rs. 909.72 crores.
Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.
Mumbai: The BSE Sensex on Wednesday surged 254.86 points at 60,540.90 in opening trade ahead of RBI Monetary policy today.
Kolkata: NielsenIQ, a global information services company, has announced completion of the first phase of expansion program in Chennai Hub.
Kolkata: Paytm Payments Bank Limited (PPBL), on Tuesday announced that it has collaborated with NPCI to introduce ‘RuPay Credit Card on UPI’, thus enabling users to link RuPay credit cards to UPI for all merchant payments.
New Delhi: Air India Tuesday announced its latest step towards optimisation of its network following the full subsidiarization of Air Asia India in November 2022.
Mumbai/IBNS: Prime Minister Narendra Mondi on Tuesday flagged off India’s first heavy-duty trucks with India’s first Hydrogen Internal Combustion Engine technology solution at the India Energy Week in Bangalore.
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